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TELL CITY — Perry County Council members unanimously approved in a special meeting Tuesday morning an effort by the Tell City-Troy Township School Corp. to borrow $2 million through an interest-free qualified zone academy bond for high-school renovation needs.
Council President Pete Franzman said the impact on other taxing units will likely be less than previously thought and the savings in interest will be significant to taxpayers.
The issue went to a 1028 hearing Tuesday evening in the Tell City High School auditorium, where school-board members adopted resolutions in support of the funding.
More information from both meetings will be published in Monday’s edition of The News.
A previous story on the issue appears in this edition under the headline, "County council defers school request again."